HUD Delays Small Area FMR Rule

On Aug. 11, HUD informed public housing agencies (PHAs) covering 23 metropolitan areas that the mandatory implementation of the Small Area Fair Market Rent (FMR) rule would be delayed for at least two years. The Small Area FMR rule required certain PHAs to use FMRs based on data from zip codes. The mandate has been pushed back to Oct. 1, 2019. Other provisions of the final rule remain in effect, and PHAs in the covered metropolitan areas can voluntarily choose to implement small area FMRs. NHC hopes HUD will use this time to work on improvements to the rule, as outlined in our comment letter.